World Liberty Financial, the Trump family’s crypto platform, denied selling millions of Ethereum at massive losses earlier this week, denying the report saying it was “completely inaccurate.”
“The allegations that World Liberty Financial sold its holdings are completely inaccurate,” a company representative said. Decryption Thursday. “WLFI is not selling positions as reported now. The opposite speculation is wrong.”
Yesterday, the project reported that it sold $8 million worth of ETH in great losses due to the intense market turmoil caused by President Donald Trump’s vibration tariff policy.
The report cited data from Arkham, a chain-on-chain intelligence company. With tag Wallet – That did It appears to be selling 5,471 ETH on Wednesday.
Arkham CEO Miguel Morell said Decryption The wallet in question shares a verified global free address and a Coinbase prime deposit address is a discovery that led the intelligence news company to label the project as at least “closely tied.” Why is the representative of the world’s freedom address? do not have When partnering with a project, you will share your deposit address with other WLFI wallets.
However, Morell emphasized that the wallet has not been confirmed to belong to the freedom of the world, and instead retains the label of “predicted entities” about Arkham.
In fact, if world freedom had made these sales, they would have constituted a significant loss in the budding Ethereum Deffrey project. World Liberty has purchased a large portion of its large ETH store December and Januarywhen the price of the asset is well above $3,000 due to post-election happiness.
By Wednesday, when Wallet Arkham was tied to the freedom of the world, when millions of ETH sold, the asset price was cratered to $1,465 per token.
But the real importance of trade would have been more symbolic than finance if world freedom had made it.
Freedom of the world on hold Code worth hundreds of millions of dollars. A loss of around $8 million in a single ETH trade would not have put the project at much risk.
Meanwhile, the Trump platform is Lockstep It has the president’s policy and economic vision for the country. At the peak of market panic over Trump’s escalating global, it begins to sell its crypto sanctuary Trade wars The story would have been complicated.
